FPE Options History — August 2025

In August 2025, FPE traded between $17.89 and $18.13. ATM implied volatility averaged 8.6%, placing in the 4.7% IV rank vs the trailing year. The 30-day expected move averaged 2.4%. IV traded above realized volatility by 5.7% (HV 20d: 3.0%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.40.

Notable Days

2025-08-15: Highest Volume — 11 contracts
2025-08-11: Largest IV spike — 145.8% change
2025-08-11: Highest IV Rank — 26.4%
2025-08-11: Largest Expected Move — 4.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.04	$17.89	$18.13	$17.89	$18.07
Max Pain	$18.00	$18.00	$18.00	$18.00	$18.00
ATM IV	8.6%	5.6%	21.6%	7.9%	5.6%
Expected Move	2.4%	1.6%	4.6%	2.3%	1.6%
HV 20d	3.0%	2.3%	3.6%	2.6%	3.4%
HV 60d	3.3%	2.5%	4.1%	4.0%	2.7%
IV Rank	4.7%	0.0%	26.4%	3.1%	0.0%
IV Percentile	8.6%	0.0%	53.2%	2.4%	0.0%
Term Structure	-0.5%	-15.2%	6.8%	-2.0%	-0.4%
Skew 25d	-4.9%	-19.8%	23.6%	23.6%	-10.7%
Skew 10d	-3.3%	-25.7%	32.0%	32.0%	-1.2%
Call IV 25d	25.5%	6.5%	43.7%	12.0%	28.3%
Put IV 25d	20.7%	7.0%	40.8%	35.6%	17.6%
Bid-Ask Spread %	143.02	109.49	160.57	121.83	141.29
Gamma HHI	0.61	0.28	1.00	0.74	0.85
Net GEX	-2.5K	-7.1K	555	-4.8K	555
Net DEX	17.6K	11.6K	25.9K	25.9K	11.6K
Net VEX	-19	-38	-9	-37	-11
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.00	1.20	1.20	0.00
Total Volume	1	0	11	0	0
Total OI	30.524	15	44	44	17

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-08-01	$17.89	$18.00	7.9%	2.3%	2.6%	3.1%	0.0%	23.6%	-2.0%	-4.8K	25.9K	-37	0.00	121.83	0	0	20	24
2025-08-04	$17.95	$0.00	17.0%	2.5%	2.8%	18.6%	0.0%	-7.8%	3.3%	-2.8K	24.1K	-38	0.00	149.69	0	0	20	24
2025-08-05	$17.95	$0.00	7.3%	1.7%	2.8%	2.2%	0.0%	-4.8%	0.0%	-6.4K	24.1K	-24	0.00	146.24	0	0	20	24
2025-08-06	$17.95	$0.00	7.7%	1.7%	2.8%	2.8%	0.0%	-8.6%	1.9%	-6.4K	24.5K	-29	0.00	153.16	0	0	20	24
2025-08-07	$17.96	$0.00	10.5%	4.1%	2.8%	7.7%	0.0%	14.4%	-0.1%	-5.1K	24.1K	-28	0.00	141.66	0	0	20	24
2025-08-08	$17.99	$0.00	8.8%	4.1%	2.7%	4.6%	0.0%	-8.5%	-15.2%	-6.5K	23.2K	-27	0.00	150.48	0	0	20	24
2025-08-11	$18.01	$0.00	21.6%	4.6%	2.7%	26.4%	0.0%	-5.7%	-0.1%	-3.8K	22.8K	-21	0.00	160.57	0	0	20	24
2025-08-12	$18.04	$0.00	11.4%	3.3%	2.6%	9.1%	0.0%	-10.2%	-1.4%	-6.5K	20.7K	-10	0.00	153.23	0	8	20	24
2025-08-13	$18.11	$0.00	7.6%	2.2%	2.8%	2.9%	0.0%	-5.4%	-0.5%	-4.2K	20.3K	-16	0.00	142.40	0	0	20	24
2025-08-14	$18.11	$0.00	13.8%	4.0%	2.8%	14.4%	0.0%	-0.7%	0.2%	-1.9K	21.6K	-14	0.00	151.84	0	0	20	24
2025-08-15	$18.09	$0.00	6.7%	1.9%	2.9%	1.2%	0.0%	-3.4%	6.8%	-7.1K	15.1K	-17	1.20	151.48	5	6	20	24
2025-08-18	$18.11	$0.00	5.8%	1.7%	2.9%	0.0%	0.0%	-2.8%	0.0%	-84	13.0K	-14	0.00	109.49	0	0	6	9
2025-08-19	$18.13	$0.00	5.8%	1.7%	2.3%	0.1%	0.0%	-6.8%	0.9%	260	13.0K	-11	0.00	148.18	0	0	6	9
2025-08-20	$18.13	$0.00	5.9%	1.7%	2.3%	0.3%	0.0%	-7.0%	-0.0%	-192	12.2K	-25	0.00	143.75	0	0	6	9
2025-08-21	$18.02	$0.00	6.1%	1.7%	3.4%	0.5%	0.0%	-5.2%	-0.9%	126	13.2K	-9	0.00	143.31	1	0	6	9
2025-08-22	$18.09	$0.00	6.0%	1.7%	3.5%	0.5%	0.0%	-9.0%	0.3%	434	12.4K	-10	0.00	140.65	0	0	7	9
2025-08-25	$18.07	$0.00	6.5%	1.9%	3.6%	1.2%	0.0%	-19.8%	0.9%	497	12.4K	-11	0.00	138.04	0	0	7	9
2025-08-26	$18.06	$0.00	6.6%	1.9%	3.5%	1.5%	0.0%	-7.1%	-1.2%	75	11.7K	-22	0.00	143.45	0	0	7	9
2025-08-27	$18.07	$0.00	6.0%	1.7%	3.4%	0.5%	0.0%	-7.5%	-0.7%	206	12.3K	-12	0.00	143.78	0	0	7	9
2025-08-28	$18.09	$0.00	6.9%	2.0%	3.4%	2.0%	0.0%	-8.7%	-2.2%	83	12.2K	-15	0.00	128.90	1	0	7	9
2025-08-29	$18.07	$0.00	5.6%	1.6%	3.4%	0.0%	0.0%	-10.7%	-0.4%	555	11.6K	-11	0.00	141.29	0	0	8	9